Rexel S.A. (OTCMKTS:RXEEY) Short Interest Down 76.8% in April

Rexel S.A. (OTCMKTS:RXEEY) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,689 shares, a decline of 76.8% from the March 31st total of 7,283 shares. Based on an average daily trading volume, of 101,124 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on RXEEY. Jefferies Financial Group upgraded Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Citigroup restated a “buy” rating on shares of Rexel in a research note on Friday, February 6th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Rexel Trading Down 0.2%

RXEEY opened at $41.36 on Friday. Rexel has a 52-week low of $26.31 and a 52-week high of $46.83. The company has a 50 day moving average of $41.11 and a two-hundred day moving average of $39.13.

Rexel Company Profile

Rexel is a global distributor specializing in electrical supplies and services for residential, commercial and industrial markets. The company’s product portfolio includes wiring, lighting, automation and control systems, energy management solutions, safety equipment and renewable energy products. Rexel supports its customers with technical expertise, digital tools and value-added services such as inventory management, project management and on-site support.

Headquartered in Paris, France, Rexel operates in more than 25 countries across Europe, North America, Asia-Pacific and Latin America.